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The analysts forecast the Global Musical Instruments market to grow at a CAGR of 2.64 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing disposable income of consumers. The Global Musical Instruments market has also been witnessing an increase in online retailing. However, the high cost of musical instruments could pose a challenge to the growth of this market.

The report, the Global Musical Instruments Market 2012-2016, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market in the Americas and the EMEA and APAC regions; it also covers the Global Musical Instruments market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key questions answered in this report:- What will the market size be in 2016 and what will be the growth rate?- What are key market trends?- What is driving this market?- What are the challenges to market growth?- Who are the key vendors in this market space?- What are the market opportunities and threats faced by key vendors?- What are the strengths and weaknesses of each of these key vendors?

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Commenting on the report, an analyst from the team said: “E-commerce is the industry wherein the buying and selling of products and services is over electronic mediums, such as the internet. The method of retail shopping is changing rapidly and consumers are increasingly using the internet to purchase a variety of goods which has led to numerous musical instruments companies providing their wide selection through the online space. Companies find the online shopping approach to be a convenient and cost-saving approach as it allows them to target consumers through the web rather than directly through other means. Some of the popular musical instruments websites include snapdeal.com, gibson.com, music123.com, and zzounds.com. The accessibility of instruments online and the preference to buy products online will increase during the forecast period with the increasing knowledge of the internet. Hence, the rise in online retailing will have a positive impact on the market during the forecast period. ”

According to the report, one of the key drivers of the market is the rising income of the consumers which is leading to high disposable incomes. Consumers can therefore afford to spend money on musical instruments.

Further, the report states that one of the key challenges being faced by the market is the rising costs of good-quality, branded musical instruments in the market. This often restricts consumers from purchasing these musical instruments as they do not consider it to be a very important product to possess.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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